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Tuesday, May 15, 2018

San Francisco's Affordable Housing Crisis Continues


According to a report by Business Insider, San Francisco ranks as one of the most unaffordable cities in the United States. A one-bedroom home rents for about 1,750 dollars a month, almost twice the national average. Business Insider reports that many San Franciscans struggle to find affordable housing, and the amount of available, housing units fails to meet the city's demand. According to a new report from The New York Times, 6,580 households applied for just 95 spots in a new affordable apartment complex in the city. According to the US Census Bureau, San Francisco lost more residents than it attracted between 2016 and 2017, with many claiming that out-of-control housing costs were their reason for leaving. https://ift.tt/2wH0PY9 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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